Polk County, IA Multifamily Properties for Sale

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Updated: Jun 11

Updated Nine-Bedroom Duplex

2525 51st Street, Des Moines, IA 50310

$449,900

4,135 sqft 0.49 AC lot

4,135‑square‑foot duplex with 9 bedrooms and 4 bathrooms
Two units configured as 4 bedrooms/2 bathrooms and 5 bedrooms/2 bathrooms
0.487‑acre lot in northwest Des Moines
Interior updates include luxury vinyl plank flooring, carpet, fresh paint, and bathroom vanities
Separate driveways and a detached garage for two vehicles

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2525 51st Street, Des Moines, IA 50310

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$39K
Annual
Price @ 7% Cap

$551K
Above asking
Property Type

Duplex
Built 1950

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Updated: Aug 24

Updated Duplex with Outdoor Space

2024-2026 E Caulder Avenue, Des Moines, IA 50320

$240,000

928 sqft 0.17 AC lot

Two 2‑bedroom, 1‑bath units with separate entrances
928 square feet on a 0.1722‑acre lot
Select updates include LVP‑style flooring, cabinetry, and bathroom finishes
Off‑street parking, fenced yard, upper deck, and lower patio
Forced‑air natural gas heating and central air

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Renovated 7-Unit Brick Apartment Building

2447 E Walnut Street, Des Moines, IA 50317

$395,000

4,530 sqft 0.26 AC lot

Seven residential units combine recent renovations with access to US-65, I-235, and nearby employment centers.

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Side-by-Side Duplex Portfolio

801 & 807 E Mckinley Ave, Des Moines, IA 50315

$550,000

3,499 sqft

Four three-bedroom units feature finished basements, walkout access, and private outdoor areas near daily amenities.

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Side-by-Side Duplexes

707 & 715 E Mckinley Avenue, Des Moines, IA 50315

$590,000

3,499 sqft 0.67 AC lot

Two side-by-side duplexes with four total 3-bedroom units, finished basements, and tenant-paid utilities.

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Quadplex with Basement

1438 33rd Street, Des Moines, IA 50311

$190,000

1,951 sqft 0.16 AC lot

Vacant four-unit residential property with electric heat, public utilities, and R1-60 zoning.

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Two-Unit Duplex Property

4011 SE 8th Street, Des Moines, IA 50315

$249,900

1,854 sqft 0.30 AC lot

Residential income property with two-bedroom units, private patios, off-street parking, and main-floor laundry connections.

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Five-Unit Victorian Apartment Building

3400 Ravina Dr, Des Moines, IA 50313

$190,000

4,067 sqft 0.37 AC lot

Historic converted residence with original architectural details, multiple utility meters, garages, and renovation needs.

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All-Brick Duplex with Detached 2-Car Garage

1000 Hoffman Avenue, Des Moines, IA 50316

$280,000

1,404 sqft 0.21 AC lot

Well-maintained all-brick duplex with central air, central vacuum, and a detached two-car garage.

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Quadplex with Walkout Basements

801 & 807 E Mckinley Avenue, Des Moines, IA 50315

$550,000

3,499 sqft 0.28 AC lot

Four-unit quadplex zoned N3A with central air, public water and sewer, and walkout basement space.

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Side-by-Side Duplex Portfolio

707 & 715 E Mckinley Ave, Des Moines, IA 50315

$590,000

3,499 sqft

Two adjacent duplexes provide four rental units with walkout basements and spacious backyards.

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Updated Duplex with Walk-Out Basement

121 E Watrous Avenue, Des Moines, IA 50315

$275,000

1,408 sqft 0.22 AC lot

Ranch-style two-unit property with refreshed finishes, private yard, and public water and sewer service.

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Five-Unit Victorian Apartment Building

3400 Ravina Drive, Des Moines, IA 50313

$190,000

4,067 sqft 0.37 AC lot

Historic multifamily property with preserved architectural features, multiple garages, and a mix of updated and unfinished units.

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Updated Duplex with Two-Car Garage

2525 51st St, Des Moines, IA 50310

$449,900

4,135 sqft

Two separate driveways and refreshed interiors provide practical functionality across both units.

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Two-Unit Duplex with Garage

1019/1021 Kirkwood Avenue, Des Moines, IA 50315

$175,000

1,586 sqft 0.16 AC lot

Updated income property with appliances included in both residences.

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Side-by-Side Duplex Portfolio

805 E Watrous Avenue, Des Moines, IA 50315

$249,900

1,854 sqft 0.18 AC lot

Two duplex buildings offer four residential units with private patios, off-street parking, and main-floor laundry hookups.

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Renovated 7-Unit Apartment Building

2447 E Walnut St, Des Moines, IA 50317

$395,000

4,530 sqft

Brick multifamily property with recently upgraded interiors throughout all residences.

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Updated Two-Unit Duplex

2940 Brattleboro Avenue, Des Moines, IA 50311

$275,000

2,142 sqft 0.15 AC lot

Two residences offer three bedrooms, private parking, in-unit laundry, and refreshed interior finishes.

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Two-Unit Duplex with Private Entrances

608 /610 5th St Unit 2, West Des Moines, IA 50265

$245,000

2,268 sqft

Updated kitchens and bathrooms serve two separately entered residential units with shared laundry facilities.

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Occupied Two-Unit Duplex

1161 21st Street, Des Moines, IA 50311

$164,900

2,214 sqft 0.15 AC lot

Both units have long-term occupants, separate utility meters, and public water and sewer service.

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Updated Duplex with Walk-Out Basement

121 E Watrous Ave, Des Moines, IA 50315

$275,000

1,408 sqft

Two residential units offer low-maintenance flooring, private outdoor space, and convenient access to Des Moines amenities.

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Updated Two-Unit Duplex

1355 24th Street, Des Moines, IA 50311

$250,000

2,064 sqft 0.18 AC lot

Occupied duplex near Drake University with separate layouts, in-unit laundry, and detached garage parking.

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Renovated Duplex with Private Entrances

232 /234 8th St Unit 2, West Des Moines, IA 50265

$240,000

1,144 sqft

Two-unit residential income property with updated kitchens, refreshed bathrooms, and shared basement laundry facilities.

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Walkout Duplex with Recent Updates

815 E Mckinley Avenue, Des Moines, IA 50315

$290,000

1,856 sqft 0.24 AC lot

Two-unit property with central air, forced-air heating, and public water and sewer service.

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Polk County, IA Multifamily Properties Market Trends and Statistics

Explore 166 multifamily properties for sale in Polk County, IA, showcased through 166 active listings on our real estate platform. These investment opportunities span a total of 573,477 square feet of properties for sale, with an estimated market value of $59,891,929.

Sale prices for multifamily properties in Polk County, IA start at $142,500, averaging $549,467, and reaching up to $8,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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